GOLD IS A SURE THING...AND THAT IS THE SCARIEST THING I CAN THINK OF...
ONE OF THE GREAT MYTHS ABOUT THE 1930'S IS THAT THEY "DIDN'T KNOW THINGS WE KNOW..."
THAT IS NONSENSE... THE ECONOMISTS IN THE 1930'S KNEW EXACTLY WHAT WE KNOW NOW... THEY WHERE STUCK WITH THE GOLD STANDARD...AND THAT WAS A BAD THING...AND WE ARE STUCK WITHOUT A GOLD STANDARD AND THAT IS A BAD THING...
THERE IS NO EASY WAY OUT... THE ELITES WANT TO LOOT...AND THEY LOOT...AND THE RESULT IS A DEPRESSION...
THEN AND NOW...THERE IS NO DIFFERENCE.
